Wirex a worldwide digital payment platform have included world’s largest non USD fiat backed stablecoin called XSGD.
Wirex a digital payment platform co-founded by Pavel Matveev and Dmitry Lazarichev in 2014 have been constantly adding stable coins to its platform as they are a key component in this digital economy.
The sixth new addition to the Wirex platform is the stable coin XSGD along with the other coins like STASIS EURO (EURS), True (TUSD), USD coin(USDC), Tether(USDT), USDP. The stable coin XSGD is backed 1:1 by the Singapore dollar, XSGD token was issued by Singapore based payment leader Xfers via the StraitsX platform in order to help realize the vision of a regulated and decentralized financial system in Singapore.
Introducing XSGD to its line of crypto options on the platform Pavel Matveev CEO of Wirex commented :
“Wirex was founded with a mission to make crypto open to all, so it’s vital to offer a wide variety of tokens to suit all users, regardless of their lifestyle and experience with crypto. Stable coins such as XSGD are a great option for those new to crypto as they are pegged to a stable asset, keeping the value more consistent over time while still offering users the benefits of crypto.”
Wirex has continued to expand its products which is reflected as the brand launched its new Wirex Whitepaper.
In coming months as per sources Wirex has plans to update its reward programme and add highly requested coins to its platform and also expand its products to the US.